![ITAT deletes Addition u/s 69 on Amount Validly Explained as Professional Income [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/ITAT-deletes-Addition-Amount-Validly-Explained-as-Professional-Income-Addition-taxscan.jpg "ITAT deletes Addition u/s 69 on Amount Validly Explained as Professional Income [Read Order]")
ITAT deletes Addition u/s 69 on Amount Validly Explained as Professional Income [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) recently deleted addition under Section 69 on amount that had been validly explained as...
![Consideration from Sale of Agricultural Land not Taxable as ‘capital Gains’: ITAT deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Consideration-from-Sale-of-Agricultural-Land-Consideration-Sale-of-Agricultural-Land-ITAT-deletes-Addition-capital-Gains-Agricultural-Land-not-Taxable-Income-Tax-ITAT-taxscan.jpg "Consideration from Sale of Agricultural Land not Taxable as ‘capital Gains’: ITAT deletes Addition [Read Order]")
![No Addition on Unaccounted Income on Inclusion of Sale of Jewellery as LTCG in ROI: ITAT quashes Assessment Order and Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/No-Addition-on-Unaccounted-Income-No-Addition-Unaccounted-Income-Income-Inclusion-of-Sale-of-Jewellery-LTCG-ROI-ITAT-quashes-Assessment-Order-and-Penalty-taxscan.jpg "No Addition on Unaccounted Income on Inclusion of Sale of Jewellery as LTCG in ROI: ITAT quashes Assessment Order and Penalty [Read Order]")
![Treatment of Booking Advances as Unexplained Cash Credits: ITAT quashes Disproportionate Addition towards Co-Owners of Land [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Treatment-of-Booking-Advances-Unexplained-Cash-Credits-ITAT-quashes-Disproportionate-Addition-Addition-ITAT-Co-Owners-of-Land-Income-Tax-taxscan.jpg "Treatment of Booking Advances as Unexplained Cash Credits: ITAT quashes Disproportionate Addition towards Co-Owners of Land [Read Order]")
![Addition Based on Non-Appearance of Company Directors on the basis of unproven Identity of Subscriber not Sustainable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Addition-Based-on-Non-Appearance-Addition-Company-Directors-unproven-Identity-of-Subscriber-unproven-Identity-Sustainable-ITAT-Income-Tax-taxscan.jpg "Addition Based on Non-Appearance of Company Directors on the basis of unproven Identity of Subscriber not Sustainable: ITAT [Read Order]")
Adjustment of Stipend as Exempted Income u/s 143(1) Without Stating Reason is not Valid: ITAT Deletes Addition [Read Order]
The Jaipur bench of the Income Tax Appellate Tribunal (ITAT) has held that adjustment of stipend as exempted income under section 143(1) of the Income Tax Act, 1961 without stating the reason is not...
![Adjustment of Stipend as Exempted Income u/s 143(1) Without Stating Reason is not Valid: ITAT Deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Adjustment-of-Stipend-as-Exempted-Income-us-1431-Stating-Reason-ITAT-Addition-TAXSCAN.jpg "Adjustment of Stipend as Exempted Income u/s 143(1) Without Stating Reason is not Valid: ITAT Deletes Addition [Read Order]")
![ITAT quashes Addition Against Practicing Doctor for Cash Deposit during Demonetization [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/ITAT-ITAT-quashes-Addition-Practicing-Doctor-Doctor-Cash-Deposit-during-Demonetization-Demonetization-Income-Tax-taxscan.jpg "ITAT quashes Addition Against Practicing Doctor for Cash Deposit during Demonetization [Read Order]")
Addition made on Loan Amount u/s 68 of Act are based on Utter Suspicion and Conjectures: ITAT deletes Addition [Read Order]
The Delhi bench of Income Tax Appellate Tribunal (ITAT) recently held that additions made on loan amount under Section 68 of the Income Tax Act 1961 are based on uttar suspicion and...
![Addition made on Loan Amount u/s 68 of Act are based on Utter Suspicion and Conjectures: ITAT deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Addition-made-on-Loan-Amount-ITAT-deletes-Addition-Addition-Loan-Amount-Utter-Suspicion-Utter-Suspicion-and-Conjectures-Conjectures-ITAT-Income-tax-taxscan.jpg "Addition made on Loan Amount u/s 68 of Act are based on Utter Suspicion and Conjectures: ITAT deletes Addition [Read Order]")
Cheque Clearance of Payment to Employer Contribution after Due Date: ITAT quashes Addition referring to CBDT Circular [Read Order]
The Amritsar bench of Income Tax Appellate Tribunal (ITAT) quashed the assessment order as there was no delay in the payment of the employer contribution and disallowed the addition. The bench...
![Cheque Clearance of Payment to Employer Contribution after Due Date: ITAT quashes Addition referring to CBDT Circular [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Cheque-Clearance-of-Payment-Due-Date-ITAT-ITAT-quashes-Addition-CBDT-Circular-taxscan.jpg "Cheque Clearance of Payment to Employer Contribution after Due Date: ITAT quashes Addition referring to CBDT Circular [Read Order]")
Cash Deposit during Demonetization out of Alimony from Husband: ITAT deletes Addition u/s 115BBE of Income Tax Act [Read Order]
The Income Tax Appellate Tribunal (ITAT), Pune bench has deleted an addition under section 115BBE of the Income Tax Act, 1961 considering the fact that the cash deposit during demonetization was out...
![Cash Deposit during Demonetization out of Alimony from Husband: ITAT deletes Addition u/s 115BBE of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Cash-Deposit-Demonetization-Alimony-from-Husband-Alimony-ITAT-Addition-ITAT-deletes-Addition-Income-Tax-Act-taxscan.jpg "Cash Deposit during Demonetization out of Alimony from Husband: ITAT deletes Addition u/s 115BBE of Income Tax Act [Read Order]")
![Addition cannot be based SMS or WhatsApp Messages without Corroborative Evidence: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Addition-SMS-WhatsApp-Messages-Corroborative-Evidence-ITAT-Income-Tax-taxscan-.jpg "Addition cannot be based SMS or WhatsApp Messages without Corroborative Evidence: ITAT [Read Order]")
No Exemption Claimed in the Preceding Year on the Purchase of Fixed Assets: ITAT deletes addition made u/s 143(1) [Read Order]
The Bangalore Bench of Income Tax Appellate Tribunal (ITAT) has deleted the addition made under section 143(1) of the Income Tax Act 1961 as no exemption was claimed in the preceding year on the...
![No Exemption Claimed in the Preceding Year on the Purchase of Fixed Assets: ITAT deletes addition made u/s 143(1) [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Exemption-No-Exemption-Preceding-Year-Purchase-of-Fixed-Assets-Fixed-Assets-ITAT-addition-Income-Tax-taxscan.jpg "No Exemption Claimed in the Preceding Year on the Purchase of Fixed Assets: ITAT deletes addition made u/s 143(1) [Read Order]")